Stimulus Decision Tomorrow, Stocks Fall

Investors are waiting to see what the Federal Reserve will announce about its easy-money stimulus policies before injecting any more money into the market. As a result, stocks fell today. “There are so many people watching the Fed’s decision, so much money on the edge, that the market is sort of just jumpy right now,” Sam Wardwell, an investment strategist at Pioneer Investments in Boston, said. “Everybody knows the Fed is going to taper sooner or later. The question is, are people putting on too many short positions, or not enough short positions? This is everybody betting on the outcome so the market is going to be volatile.”